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Argentina strengthens trade with Bolivia

Published on July 19, 2012

 
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Last Wednesday, Argentina signed an agreement with Bolivia to increase its natural gas imports. The imports will rise therefore from 13,600,000 cubic meters per day, to 16,300,000 cubic meters a day. Besides, thanks to this agreement signed by the Argentinian Minister of Planning Julio de Vido, although 15,900,000 cubic meters were expected to be imported next year, the actual figure will be 19,200,000.

Evo Morales and Cristina Kirchner’s Governments had already signed a contract in 2007 to raise imports. Its main objective was to reach 27.7 million cubic meters a day in the next 10 years, by 2017. Taking the recent decision into account, “the imports volume agreed in 2007 ...

Repsol sells its LPG business in Brazil for 20 million

Published on Oct. 21, 2011

 
Read Repsol sells its LPG business in Brazil for 20 million

Repsol has sold its distribution subsidiary of liquefied petroleum gas (LPG) to the Brazilian company Ultragaz for 20 million euro. 

Repsol Gas Brazil will fall into the hands of Brazil's LPG industry leader, a subsidiary of Brazilian company Ultrapar, in an operation that is part of its "strategy of divesting non-integrated downstream assets in Latin America."
 
Repsol's subsidiary sold 22.000 tons of product to 2.400 customers during 2010. Most are industrial customers in the regions of Sao Paulo and Rio de Janeiro.
 
The oil company explained that the divestment of non-strategic downstream assets in Brazil "ends" with this sale. Repsol "will designate all its investment efforts in the country" in exploration and production activities of Repsol Sinopec Brazil.

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